Tag: BullionVault

WHOLESALE DEALING in gold was muted Monday morning in London, with prices bouncing off their lowest level in almost 4 weeks at $1280 per ounce as European stock markets rose. Major government bonds ticked higher after Friday’s sharp sell-off on strong US jobs data. Silver prices also fell to their lowest level since Oct. 17th, turning […]

Adrian Ash – BullionVault ………… The PRICE of wholesale gold fell back to $1320 per ounce Wednesday lunchtime in London as new data showed the US economy expanding faster-than-expected. Second quarter GDP rose 1.7% in real terms from a year earlier, the Bureau of Economic Analysis said. Inflation in consumer goods and services fell to […]

by Miguel Perez-Santalla BullionVault With photography gone, and PV not plugging the gap, where is silver seeing the strongest demand…? FOR ALL ITS monetary and investment history, silver is by far an industrial metal today. The industrial sector consumed close to 466 million ounces of silver in 2012 according to the Silver Institute. Add what’s left […]

by Miguel Perez-Santalla BullionVault …….. The Photovoltaic industry didn’t start to show on charts of silver demand until the year 2000, when it consumed approximately one million ounces. Those 31 tonnes were barely a blip on the silver consumption chart. In fact, in comparison to the smallest of the large consumers at the time – […]

THE U.S. DOLLAR gold price drifted back below $1390 an ounce Monday morning in London, but remained well within its trading range of the last few weeks, as European stock markets edged higher, with analysts citing Wednesday’s Federal Open Market Committee decision on US monetary policy as “the big driver” for this week. “On the whole, the […]

The GOLD PRICE fell $10 per ounce after reaching almost $1400 for the 5th time this week in London trade Friday morning. Silver held tight around $22.50 per ounce, managing only one-third of gold’s 2.0% gain for the week. After yesterday’s 7% plunge Japan’s stock market bounced, but other Asian equities fell, as did European […]

by Miguel Perez-Santalla BullionVault ……… Why does silver move so much further, and faster, than gold…? The SILVER MARKET often gets a bum rap. The reason is that often its gyrations are much greater than those of the gold market. What causes this? There are theories that bankers and investment companies are conspiring to try […]

SPOT MARKET gold bullion prices fell to $1430 an ounce Monday, 1.2% down on where they ended last week, as stock markets also fell and the US Dollar held onto most of its gains from last week. Silver fell to $23.70 an ounce – 0.8% down on last week’s close – as other commodities also […]

By Ben Traynor – BullionVault ………….. What exactly does ‘speculative net long’ mean…? EVERY FRIDAY, the Commodity Futures Trading Commission publishes data that enable analysts to ‘take the pulse’ of various commodity markets. The Commitments of Traders (CoT) report gives the aggregate positions held by traders from the previous Tuesday, including the number of long contracts (that […]

GOLD started the week by edging higher Monday, trading around $1475 per ounce by lunchtime in London, as stocks also gained, US Treasuries were broadly flat and the Euro edged higher against the Dollar following news that Italy’s borrowing costs have fallen. Strong demand for physical gold from private households meantime continues to cause bottlenecks and […]

GOLD drifted lower towards $1460 an ounce Friday morning in London, having climbed to its highest level since last week’s price drop at $1485 during Asian trading. “The next resistance level is $1487,” says a note from technical analysts at Scotia Mocatta published late Thursday. “Should we trade through that, we believe it will open […]

WHOLESALE gold prices rose back above $1430 per ounce Monday morning for the first time since last Monday’s price drop, amid reports of strong buying in Asia, while stocks gained and US Treasuries fell. Silver meantime ticked higher above $23.60 an ounce, though remained below Friday’s high, while other commodities also gained with the exception […]

SPOT MARKET gold prices fell to a fresh two-year low in Tuesday’s Asian trading, dropping to $1322 per ounce, before rallying back above $1386, as stock markets extended yesterday’s losses. Silver dropped to its lowest level since September 2010 at $22.10 an ounce before it too recovered some ground. Oil was down on the day by […]

Small Speculators Slash Bullish Bets on Futures Market The GOLD PRICE ticked lower against the US Dollar early Monday, but held onto the bulk of Friday’s sharp rally at $1577 per ounce as world stock markets rose alongside commodities. Silver bullion traded at $27.30 per ounce, some 2.5% above last week’s 9-month low, while both […]

U.S. DOLLAR prices to buy gold dipped back below $1600 an ounce Tuesday morning, though they remained close to that level by lunchtime in London, as the physical bullion market re-opened following the Easter break. Stock markets edged higher in Europe despite news of record high unemployment and contracting manufacturing sectors, while major government bond […]

U.S. DOLLAR gold prices fell back below $1600 per ounce Monday morning in London, falling back towards where they started last week, as stocks and commodities gained after news that Cyprus has agreed a bailout deal. “We expect gold to move sideways this week with, however, a tendency for lower prices,” says a note from […]

GOLD ticked higher but silver prices stalled Friday morning, as a rise in Asian stock markets failed to carry over into European or pre-opening trade in US equities. The Euro currency rose sharply through $1.30, knocking the gold price in Euros back below €1220 per ounce, virtually unchanged for the week. Sterling gold prices slipped […]

The PRICE of gold slipped again below $1600 per ounce on Thursday – a level first reached on the way up in July 2011 – to head for its worst one-month drop since May as world stock markets rose. Broad commodity markets were little changed, while silver bullion crept back above $29 per ounce. Down […]

U.S. DOLLAR gold prices climbed back above $1590 an ounce Monday morning, extending gains from Friday following sharp losses last week, while stock markets also rallied, although the FTSE 100 in London saw smaller gains that other European indexes following news of a downgrade to Britain’s credit rating. “Support [for gold] sits at $1522, the low […]

THE SPOT gold price dropped below $1600 an ounce for the first time in six months Wednesday, as the Dollar strengthened and stock markets were broadly flat, ahead of the publication of the latest Federal Reserve policy meeting minutes later today. Silver fell to $29.19 an ounce, also a six month low, while other commodity prices were […]

by Miguel Perez-Santalla – BullionVault ……. The price someone is willing to sell to you is not necessarily the value that you’d get for selling the same thing back… IT’S INTERESTING how people become accustomed to pricing. When we go to a retail store here in the United States of America, we accept the price […]

GOLD continued to hover near one-month highs above $1690 an ounce Wednesday morning, where it has spent most of this week, with dealers in India and China citing a slowdown in physical bullion demand. Silver climbed above $32.30 an ounce, a one-month high, as stocks and commodities were broadly flat and US Treasuries gained. “A […]

THE DOLLAR gold price eased back below $1680 an ounce Wednesday morning, though it remained well within its trading range for the past month, while stock markets extended their losses for this week and US Treasuries gained. Silver hovered around $31.30 an ounce for most of this morning, also in line with its recent trading range, while […]

THE WHOLESALE gold price rose to $1712 an ounce Tuesday morning in London, a few Dollars above where they started the week, while stocks edged higher and US Treasury bonds fell ahead of tomorrow’s Federal Reserve policy decision. All-but-one of 49 economists polled by news agency Bloomberg predict the Fed will buy US Treasury bonds in addition […]

SPOT MARKET prices for buying gold traded above $1730 an ounce throughout Tuesday morning in London, up 1% for the week so far, while the Euro also held onto gains made yesterday despite news that a second ratings agency this year has downgraded France. Gold rose by more than $20 during Monday’s trading, following reports that a deal […]

SPOT MARKET gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both contemplated upcoming fiscal difficulties. Silver prices traded around $32.70 an ounce, also near three-week highs. Bullion […]

SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London, 0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today’s European leaders’ summit in Brussels. “While [gold] holds below $1758 the risk is to the downside,” says the latest technical analysis report from […]

SPOT MARKET prices to buy gold climbed to $1794 an ounce ahead of Thursday’s US session, a new 2012 high, while stock markets were broadly flat and US Treasury bonds fell ahead of the publication of minutes from the latest Federal Reserve policy meeting. “We are watching for a break to the upside through $1790 resistance, which […]

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